|Approval Date||27 May 2009|
|Signature Date||01 Jun 2009|
|Planned Completion Date||31 Dec 2010|
|Last Disbursement Planned Date||31 Dec 2010|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The present intervention concerns the supplementary support of UA 3.386 million to Liberia’s Public Financial Management Reform Support Programme (PFMRSP) I. The proposed supplementary assistance provides additional budget support to help the government cope with the extraordinary adverse conditions posed by the current international economic crisis (2009). The PFMRSP I is designed to support the codification of budget operations that should allow the transition to the Integrated Financial Management Information System (IFMIS), aligning the state budget system with internationally accepted standards. It's a program in line with the Poverty Reduction Strategy (PRS) in which the government launched a medium-term PFM Reform Program and a program to modernize FISC administration. The PFMRSP I should deepen these reforms to ensure budget effectiveness by improving its development, implementation, and monitoring. This programme comprises four main components, namely: strengthening of public financial management system; strengthening revenue mobilization; enhancing procurement and auditing system and assisting the government to respond to the global food crisis.
The overarching purpose of the PFMRSP I is to buttress four pillars: (i) strengthen public financial management (PFM) systems; (ii) modernize the revenue administration; (iii) reinforce procurement and audit systems; and (iv) support the government’s response to the global food crisis.
The program should benefit the Ministry of Finance and other key institutions to accelerate the implementation of the reform process. It's also expected to benefit the Liberian people by improving the delivery of public services and promoting an enabling environment for private sector development.
Fragile States Facility
Ministry of Finance
|Last Update||01 Dec 2021|